Johan Carlström steps down and Acting CEO Jörgen Lantto appointed Chief Executive Officer of Fingerprint Cards AB (FPC)
Johan Carlström has informed the Board of Directors of his decision to step down as Chief Executive Officer of Fingerprint Cards AB in order to focus on business development within the company. Today, the Board has appointed Jörgen Lantto CEO of the company. As Jörgen Lantto, who was recruited to FPC as Chief Technology Officer in December 2012, has been the Acting CEO of the company since September 2014, this guarantees continuity and the continued strong development of FPC.
Urban Fagerstedt, Chairman of the Board of Fingerprint Cards AB, states:
"Johan Carlström was appointed CEO of FPC in May 2009. Under Johan's leadership, FPC has developed from a small development company with one product (area sensor) in one market (banks in China) into its current position as the world-leading supplier of fingerprint sensors for the global mobile industry. During Johan's time as CEO of FPC, sales have increased from SEK 27 M to the forecast for the current year of more than SEK 1,500 M. The members of staff have risen from 13 to more than 180 and the company's market capitalization has increased by 7,300% to today's SEK 5.3 billion.
Over the years, Johan has implemented capital procurement programs totaling nearly SEK 500 M, a prerequisite for FPC's ability to develop in this positive manner. Accordingly, I would like to thank Johan Carlström for his leadership, visions, drive and passion for the company, which have made the journey that we have now embarked upon possible."
Johan Carlström says:
"I have decided to step down as CEO and instead concentrate on business development in the company's future growth areas. I want to thank the Board of Directors for their confidence in me and the huge privilege of leading FPC in the amazing development seen in recent years and which I am convinced will continue in the years ahead. I have complete confidence in the competent team that will now lead FPC and I am certain that we are now seeing only the dawn of a new Swedish global company. I hope that my departure will have the positive impact that the stock market will henceforth focus its interest more on the company's world-leading technology, unique products and continued market successes."
For further information, please contact:
Urban Fagerstedt, Chairman of the Board of Fingerprint Cards AB (publ), +46 (0) 31-60 78 20, investrel@fingerprints.com
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) develops, produces and markets biometric components that through the analysis and matching of an individual's unique fingerprint verify the person's identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC's technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products, such as smart cards and mobile phones, where extremely rigorous demands are placed on these characteristics. FPC's technology can also be used in products for IT and Internet security, access control, etc. FPC's technology can also be used in products for IT and Internet security, access control, etc.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on May 25, 2015, at 8:00 a.m.
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